Though the amount
is still uncertain, it is said it could be up to the equivalent of US$ 1
billion
This is expected
to facilitate Sri Lanka-India trade,” former Central Bank Governor and senior
economist Dr. Indrajith Coomaraswamy told an expert panel discussion organised
by the Centre for Banking Studies of the Central Bank, yesterday (26 March).
Commenting on the
possible inflows from China, which is by far the country’s largest bilateral
creditor, he noted that the government mainly expects foreign direct
investments from China for the Chinese-funded mega projects such as Colombo
Port City.
He stressed the relationship
with both India and China would be critical for the economic recovery of Sri
Lanka.